Siale Havili
Developing land and Entitlement
Landed in my lap for a friend. He has 40 acres of raw land and it’s in the zoning process. In order for me to wholesale this deal, one of my potential buyers asked if the land is buildable? So because of the property ...
Shequann Burrwell
assignment clause solid?
im wondering if my assignment clause is solid enough i was thinking about rewording it or maybe keeping it the same.
it words like this. successors and assignees:The terms and conditions of this contract shal...
Taylor Chiu
Too much for flip labor costs?
Hi everyone, I'm flipping a 1600 sq foot property and need some help evaluating a rehab bid. Here's the labor bid below.
Keep in mind this is JUST for labor (no materials), and the property is dirty but just needs a...
Ellie Narie
Tax assessed value or appraisal value to calculate depreciation?
I just bought a house-hack 4plex in 2020. I don't have any other rentals. Filing taxes now, so just had a few questions.
1. When calculating depreciation, I heard you're supposed to use the assessed value based on t...
Lisa Sluss
Short-term loan for end of renovation
I am finishing a flip which I own outright - have the deed in hand. Why am I having such a difficult time finding a lender who will help see me through the end of my flip? They all want tax returns, income info. It...
John Lynagh
Condo Association Hasn't Had Reserve Study in 14 years. Problem?
Hi Bigger Pockets!
The Condo Association I'm looking to buy a single unit in hasn't had a Reserve/Useful Life Study done in 14 years. They provided me a summary of the last study (done in 2006) but it was not very de...
Marcus Isaac
BUYING DUPLEX WITH OLD AC UNITS/WATER HEATER/FURNACES.. SMART?
Hello All, I'm in the process of purchasing a duplex. My offer has been accepted and the the home inspection was just completed. Everything is in pretty decent shape, although there are some minor things the seller wi...
Sol Dubnov
deducting major repairs
We purchased a rental property and had to invest major amounts into repairs. The cost of the work is expected to exceed the projected rent income for this and may be couple more years, and we were hoping to recover th...
Marshall Shen
Deal Analysis for a Chicago multi family property (2 of 30)
Hi there,
I'm doing a 30-day deal analsys challenge where I analyze one deal per day. This is my 2nd day :) Based on the asking price, I estimated it will generate a negative annual cash-on-cash return, assuming 20% ...
James W.
Estimate for Paint & General Repair.
Hi gys - I find that getting a correct and trustworthy estimate for "paint and general repair" - is much more difficult than "standard rehab" items.Standard Items like flooring, kitchen counter-tops, cabinets & ap...